Albemarle Crosses Above its 10-day MA (ALB)

Written on Wed, 09/21/2016 - 10:41am

By Nick Russo

Albemarle (NYSE:ALB) shares have crossed bullishly above their 10-day moving average of $77.35 on a volume of 179K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Albemarle has traded in a range of $41.37 to $87.29 and is now at $78.12, 89% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has risen 0.5%.

SmarTrend is monitoring the recent change of momentum in Albemarle. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Albemarle in search of a potential trend change.